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Sep 14, 2014
09/14
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taxes. here's what president obama said recently about that practice, known as inversion. >> now, here's the problem is this loophole they're using in our tax laws is actually legal. it's so simple and so lucrative, one corporate attorney said it's almost like the holy grail of tax avoidance schemes. my attitude is i don't care if it's legal, it's wrong. >> now look at this recent headline in "the new york times." reluctantly, patriot flees homeland for greener tax pastures. it's about a u.s. generic drug company incorporating in the netherlands. reluctantly, my eye. skipping out on america means more profits for the company and bigger bonuses for the ceo. tax-dodging is big business, which has one of our world's most noted economists plenty angry -- nobel laureate joseph stiglitz. he's president of the international economic association and served as chairman of the white house council of economic advisers back in the '90s. his best-selling books have shaped worldwide debate. and now he's w
taxes. here's what president obama said recently about that practice, known as inversion. >> now, here's the problem is this loophole they're using in our tax laws is actually legal. it's so simple and so lucrative, one corporate attorney said it's almost like the holy grail of tax avoidance schemes. my attitude is i don't care if it's legal, it's wrong. >> now look at this recent headline in "the new york times." reluctantly, patriot flees homeland for greener tax...
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Nov 1, 2013
11/13
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. >> this taxes retroactive. >> many taxes are being made retroactive. it seems to me completely contrary to law. >> there are huge issues about this. it is something -- it is good since, you cannot ask people to pay taxes they have earned in the past few years. >> these clubs will have to pay tax on the players they signed last season. >> companies, football clubs are just asking for visibility. many companies are just leaving france because -- if you cannot do this, even if taxes are low - - >> you need reliability. >> they are not low, they are very high. >> we are past denmark to be the country where public this -- public expenditure is the highest percentage of gdp. take this tax on life insurance and that is richer active to 1997. -- retroactive to 1997. i do not know if they picked that out of a hat. it has been gone and you are told you have to pay more taxes on stuff you made almost 20 years ago. >> in france, they tend to negotiate the contracts net. they are protected from this type of legislative change. that is why the burden is falling on t
. >> this taxes retroactive. >> many taxes are being made retroactive. it seems to me completely contrary to law. >> there are huge issues about this. it is something -- it is good since, you cannot ask people to pay taxes they have earned in the past few years. >> these clubs will have to pay tax on the players they signed last season. >> companies, football clubs are just asking for visibility. many companies are just leaving france because -- if you cannot do...
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Oct 23, 2017
10/17
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tax code. critics are slamming the plan, saying it would massively redistribute wealth to the richest 1% of americans, including president trump and members of his administration. an analysis by the center for american progress action fund shows president trump's family and trump's cabinet members would combined reap a $3.5 billion windfall from the proposed repeal of the estate tax alone. the plan also calls for slashing the corporate tax rate from 35% down to 20%. earlier this year, trump proposed cutting the corporate tax rate to as low as 15%. the plan also proposes lowering the tax rate on so-called "pass-through income," in which the profits of a business are transferred directly to the business owners. under the current code, the tax rate on pass through income varies based on the owner's income, ranging from as low as 10% to as high as 39%. trump's plan proposes capping the tax rate on pass through income at 25%, a move that would also shower millions in savings upon millionaires and bi
tax code. critics are slamming the plan, saying it would massively redistribute wealth to the richest 1% of americans, including president trump and members of his administration. an analysis by the center for american progress action fund shows president trump's family and trump's cabinet members would combined reap a $3.5 billion windfall from the proposed repeal of the estate tax alone. the plan also calls for slashing the corporate tax rate from 35% down to 20%. earlier this year, trump...
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Aug 28, 2014
08/14
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tax rates. in july, the obama administration estimated tax inversions could cost the united states as much as $17 billion per year. one investor who stands to profit from the burger king deal is obama supporter warren buffett. he let burger king $3 billion under lucrative 9% rate to help complete the deal. clocks to discuss the deal and what it can mean, where point by james henry,ed by an economist, lawyer, and senior advisor with the tax justice network. covers theickinson, national affairs beat for "rolling stone," and just published a new piece called "the biggest tax scam ever: some of america's top corporations are parking profits overseas and ducking hundreds of billions in taxes. and how is congress responding? it is rewarding them for ripping us off." explain what inversion is and what burger king is doing with tim hortons. >> in this case, we have basically a u.s. company that is 7000 locations here, paying a higher corporate tax rate than it would if it were a canadian company. simply
tax rates. in july, the obama administration estimated tax inversions could cost the united states as much as $17 billion per year. one investor who stands to profit from the burger king deal is obama supporter warren buffett. he let burger king $3 billion under lucrative 9% rate to help complete the deal. clocks to discuss the deal and what it can mean, where point by james henry,ed by an economist, lawyer, and senior advisor with the tax justice network. covers theickinson, national affairs...
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Sep 27, 2014
09/14
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come back to our theme of taxes, taxes are one of the ways we shape markets. if our tax system says speculation is going to be taxed at a lower rate, you're going to get more speculation. if our tax system says if you keep your money abroad, you don't have to pay taxes, you're going to get more money abroad and you're going to get less job creation inside america. if your taxes say we want to encourage real investments in america, then you can get more investment in america. so i'm an economist who believes that incentives matter. but i also believe that you have to shape incentives and that markets on their own don't necessarily shape them the right way. and that when we have a distorted tax system, distorted by a distorted political system that has given a huge amount of weight to the upper one percent, to the corporations, then that kind of distorted political system leads to a distorted tax system, which leads to a distorted economic system, which leads to an economy that is not performing as well for most americans. >> there's a quiet urgency in this whit
come back to our theme of taxes, taxes are one of the ways we shape markets. if our tax system says speculation is going to be taxed at a lower rate, you're going to get more speculation. if our tax system says if you keep your money abroad, you don't have to pay taxes, you're going to get more money abroad and you're going to get less job creation inside america. if your taxes say we want to encourage real investments in america, then you can get more investment in america. so i'm an economist...
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Nov 29, 2017
11/17
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amy: on to the tax though. republicans are looking to pass the tax plan. on tuesday come the senate budget committee passed a senate version of the plan with all republicans on the panel voting for it and all democrat it voting against. protesters disrupted the committee hearing with chants of "kill the bill, don't kill us" and several were arrested. the blame on the go to the full senate for a vote as early as thursday. the senate bill slashes the corporate tax rate and gives further tax cuts to wealthy business owners. it would also repeal the key provision of the affordable care act -- the requirement that most entrant americans have health insurance. cost of would cause the health insurance to skyrocket. the vote came after president trump met with senate republicans on capitol hill. he later told reporters he thinks the republican tax bill will be "very popular." pres. trump: we are in good positions in terms of the meeting we just had a the capital with the republican senators. i think we have tremendous support. i was just informed we had a unanimou
amy: on to the tax though. republicans are looking to pass the tax plan. on tuesday come the senate budget committee passed a senate version of the plan with all republicans on the panel voting for it and all democrat it voting against. protesters disrupted the committee hearing with chants of "kill the bill, don't kill us" and several were arrested. the blame on the go to the full senate for a vote as early as thursday. the senate bill slashes the corporate tax rate and gives further...
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Oct 27, 2011
10/11
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cain and cain wants a triple flat tax, a 9% flat tax on corporations, a 9% flat tax on individuals, and a 9% flat sales tax on bought goods. the plan was fiercely attacked in the debate by nearly all of the contenders for the republican presidential nomination, notably the front- runner, former massachusetts governor mitt romney. >> i want to reduce taxes on middle income families. i like your hutzpahness but the analysis i did, person by person, returned by return is middle income people see higher taxes under your plan. >> the romney plan entitled believe in america spans 160 pages e encompassing 59 points. the highlights -- one, income taxes. keep tax rates at their current reduced levels enacted under president george w. bush and renewed last year by president obama. two, capital gains taxes. eliminate capital gains taxes for anyone earning less than $200,000 a year. three, corporate taxes -- cut the taxes on corporate profits from the current 35% to 25%. four, constitutional amendment. a balanced budget amendment to the u.s. constitution that would cap federal spending at 20% of u.
cain and cain wants a triple flat tax, a 9% flat tax on corporations, a 9% flat tax on individuals, and a 9% flat sales tax on bought goods. the plan was fiercely attacked in the debate by nearly all of the contenders for the republican presidential nomination, notably the front- runner, former massachusetts governor mitt romney. >> i want to reduce taxes on middle income families. i like your hutzpahness but the analysis i did, person by person, returned by return is middle income people...
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Dec 21, 2017
12/17
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tax code. it had already been approved by both chambers of congress, but an embarrassing procedural error forced the senate to send it back to the house for a re-vote. now that bill, which includes permanent tax breaks for corporations and temporary tax cuts for individuals, is the biggest shakeup to the tax system in the country in more than 30 years, and it is the first major legislative victory for the trump administration. all right. we are expecting the u.s. president donald trump to sign that legislation into law at any moment now. you are looking at live pictures right now. the u.s. president there with the vice president, as well as the speaker of the house. you see right there members of congress -- and we want to make sure we clarify here, republican members of congress. this was a very partisan vote. they are at the white house cheering on the president, his first legislative victory since taking office last january. and i say this was a partisan vote, proving how polarized washingto
tax code. it had already been approved by both chambers of congress, but an embarrassing procedural error forced the senate to send it back to the house for a re-vote. now that bill, which includes permanent tax breaks for corporations and temporary tax cuts for individuals, is the biggest shakeup to the tax system in the country in more than 30 years, and it is the first major legislative victory for the trump administration. all right. we are expecting the u.s. president donald trump to sign...
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Nov 30, 2017
11/17
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it would cut the corporate tax rate to 20% and reduce individual tax rate, though those tax rates would be temporary. the bill would also repeal the affordable care act's individual mandate. trump touted his tax plan at a rally in missouri wednesday, where he claimed he would not benefit from the legislation. president trump: right now, america's tax code is a total, dysfunctional mess. the current system has cost our nation millions of american jobs, trillions and trillions of dollars and billions of hours wasted on paperwork and compliance. it is riddled with loopholes that left some special-interest, including myself, in all fairness, this is going to cost me a fortune, this thing. believe me. this is not good for me. wealthyome very friends. not so happy with me. but that's ok. i keep hearing chuck schumer, this is for the wealthy, but my friends don't know about it if it is. [laughter] amy: if the senate approves the tax measure later this week, it would need to be reconciled with a version already approved by the house before being sent to the white house for trump to sign into la
it would cut the corporate tax rate to 20% and reduce individual tax rate, though those tax rates would be temporary. the bill would also repeal the affordable care act's individual mandate. trump touted his tax plan at a rally in missouri wednesday, where he claimed he would not benefit from the legislation. president trump: right now, america's tax code is a total, dysfunctional mess. the current system has cost our nation millions of american jobs, trillions and trillions of dollars and...
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Dec 18, 2017
12/17
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the tax bill will slash the corporate tax rate from 35% down to 21%. it will raise exception on the estate tax to $22 million, meaning people with tens of millions of dollars will receive a major tax cut. it would also keep intact the so-called carried interest loophole, which massively benefits private equity managers. and it will slash the tax rate for so-called "pass-through income," benefiting corker. as "the times'" reports -- "numerous industries will benefit from the republican tax overhaul, but perhaps none as dramatically as the industry where mr. trump earned his riches: commercial real estate." in contrast, "the new york times" reports those will be most hurt by the tax plan are the elderly, low-income families, immigrants, people buying health insurance, the island of puerto rico, and homeowners in the states of new york, new jersey, and california. the tax bill will repeal the individual mandate, which experts say will cause insurance premiums to skyrocket. the congressional budget office estimates 13 million americans are projected to los
the tax bill will slash the corporate tax rate from 35% down to 21%. it will raise exception on the estate tax to $22 million, meaning people with tens of millions of dollars will receive a major tax cut. it would also keep intact the so-called carried interest loophole, which massively benefits private equity managers. and it will slash the tax rate for so-called "pass-through income," benefiting corker. as "the times'" reports -- "numerous industries will benefit from...
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Aug 29, 2013
08/13
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they are pondering a new carbon tax. a new push back of the retirement age that goes beyond that enacted by the conservative predecessor. does he have the answers? does he have what it takes, the political clout to kickstart an economy that is falling further behind? that's will be -- >> beginning in the newsroom where the focus once again is squarely on syria. let's say hello. how are you? >> very well. syria is donating. these are the headlines. their probe says the security council must uphold its responsibility of chemical weapons. as the national security council bags action, urging us to wait. it has been 50 years since the i had a dream speech. martin luther king will be at the very spot where martin luther king delivered his iconic ledge. the united kingdom is pulling a resolution to the united states security council, authorizing necessary measures to -- russia has urged the west to wait for a report before introducing blame to chemical weapons usage. the uk proposal came as the foreign secretary said it is time
they are pondering a new carbon tax. a new push back of the retirement age that goes beyond that enacted by the conservative predecessor. does he have the answers? does he have what it takes, the political clout to kickstart an economy that is falling further behind? that's will be -- >> beginning in the newsroom where the focus once again is squarely on syria. let's say hello. how are you? >> very well. syria is donating. these are the headlines. their probe says the security...
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Oct 4, 2010
10/10
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tax cuts? what tax cuts? >> congress campaign to save their own jobs while doing nothing to save the jobs of working americans. >> that is congressman mike pence of indiana, chair of the house republican conference. the house passed a to rebuild its the government running through november -- but passed a temporary bill keeping the government running through november. why did they do that? >> sheer incompetence. you will have the issues of congress under control of democrats and sheer incompetence. no budget for the first time in a quarter-century. and here is a democratic party with control of the house and senate and white house and cannot tell americans what the tax rates are going on january 1. it is not just the engine tax. it is capital gains -- it is not just the income tax. as capital gains and others. sheer incompetence. >> what is going on overall in the house and senate, more in the senate, is a demonstration of what the concerted minority can do, pick to yo witr rules. the money for haiti is being
tax cuts? what tax cuts? >> congress campaign to save their own jobs while doing nothing to save the jobs of working americans. >> that is congressman mike pence of indiana, chair of the house republican conference. the house passed a to rebuild its the government running through november -- but passed a temporary bill keeping the government running through november. why did they do that? >> sheer incompetence. you will have the issues of congress under control of democrats...
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Oct 11, 2013
10/13
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they must pay an exit tax. >> they continue to be liable for taxes. the fact that they renounce their citizenship does not save them from having to pay their taxes. >> they've been asked to declare their income, but the u.s. had no way to check for themselves without a court order. >> for more on the new tax law, we are joined from san francisco by robert a wood, tax lawyer and managing partner. thank you so much for joining us, robert. let's get straight into this. this new law is going to start july 1 and will require all financial institutions to report directly to the irs. that is a very complex law. explain the requirements. >> it requires direct reporting. one of the surprising things as a tax lawyer is the world has embraced it. there was a time when it was passed by congress in 2010 when many people thought before it started to kick in that it would be repealed or modified. that has not happened. the world has embraced it and a huge number of countries have signed on. there are two different reporting mechanisms. or his direct reporting from t
they must pay an exit tax. >> they continue to be liable for taxes. the fact that they renounce their citizenship does not save them from having to pay their taxes. >> they've been asked to declare their income, but the u.s. had no way to check for themselves without a court order. >> for more on the new tax law, we are joined from san francisco by robert a wood, tax lawyer and managing partner. thank you so much for joining us, robert. let's get straight into this. this new...
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Nov 3, 2015
11/15
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and it is no longer a clear line between tax avoidance and tax evasion. amy: how much money are we talking about the u.s. losing? why should this matter to everyday people who don't use tax havens? thise direct estimate of for at least $100 billion a year lost in tax revenues and u.s. treasury. -- in the u.s. treasury. we're undermining the stability and the development of many countries around the world by essentially being one of the world's largest tax havens. it is very common for wealthy mexicans were argentinians were brazilians to put their money in new york as opposed to their own countries. we made it a business not only to solicit this money, but also to conceal it and make sure that it is tax free when it gets here. amy: i want to turn to another clip from the film, "the price mpsay," where the labor question amazon's director of public policy andrew cecil. the clip begins with austin mitchell questioning cecil. then labour mp margaret hodge speaks. >> i'm interested in why you pay so little tax corporation tax, particularly, in this country so
and it is no longer a clear line between tax avoidance and tax evasion. amy: how much money are we talking about the u.s. losing? why should this matter to everyday people who don't use tax havens? thise direct estimate of for at least $100 billion a year lost in tax revenues and u.s. treasury. -- in the u.s. treasury. we're undermining the stability and the development of many countries around the world by essentially being one of the world's largest tax havens. it is very common for wealthy...
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Jul 26, 2010
07/10
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he has the tax problems. it is the worst timing, and in part because the democrats held off on this. it has been a year and have since the beginning of the investigation. -- the year and a half since the beginning of the investigation. i think there will be tremendous pressure from the leadership and colleagues to take himself and the start of the front pages. -- and the story off the front pages. >> the president signed the financial reform bill this week. and democrats were able to break through their republican filibuster on the extension of unemployment benefits. mitch mcconnell says they want to know where the $30 million to fund it is coming from. >> we are in a recession still. we are in deficit spending. we have two wars going on. i realize this is apples and oranges to some extent, but at the same time, to be talking of a continuing tax benefits for people -- tax benefits for these people is crazy. >> bernanke had an interesting thing to say. he was on capitol hill this week and he said that even tho
he has the tax problems. it is the worst timing, and in part because the democrats held off on this. it has been a year and have since the beginning of the investigation. -- the year and a half since the beginning of the investigation. i think there will be tremendous pressure from the leadership and colleagues to take himself and the start of the front pages. -- and the story off the front pages. >> the president signed the financial reform bill this week. and democrats were able to...
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Apr 6, 2013
04/13
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>> i of the tax authorities realize that there is wealth which should be revealed according to tax law, then they will, of course, tax this money. >> how will such a report and the implications that follow from it affect those tax havens themselves? for example, the cayman islands -- will it go bust now? >> it will not go bust, but will just be a normal country. for the moment, they still have almost no taxes, not only for foreigners, but for the locals. they will be forced to behave as a normal state and tax their citizens and companies so that they can be a normal state. >> we will see about that. thank you very much for joining us. >> in other news, north korea is ratcheting up tensions again with threats against the u.s. it says its military is now cleared to launch strikes against the rival. >> washington has condemned the threat but is planning to install a missile defense system in guam, a steppingstone to north korea. there is no sign of p'yongyang backing down from. >> it is unusually quiet on the border crossing between south korean and the north korean industrial zone. for a
>> i of the tax authorities realize that there is wealth which should be revealed according to tax law, then they will, of course, tax this money. >> how will such a report and the implications that follow from it affect those tax havens themselves? for example, the cayman islands -- will it go bust now? >> it will not go bust, but will just be a normal country. for the moment, they still have almost no taxes, not only for foreigners, but for the locals. they will be forced to...
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183
May 14, 2012
05/12
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we can fight for a financial transaction tax, this tax." >> we used to have a financial transaction tax in this country. from 1914 to 1966. then, in 1987, at the time of another wall street crash, the first president bush and senator bob dole, a republican, and several other republicans called for restoring it. didn't happen. >> no, and there's even a financial transaction tax in the s.e.c. right now -- a small one. there's one in new york city, as well. i mean, so financial transaction tax, you know, has been here. >> there are many critics of the financial transaction tax. and they say, among other things, that the banks will simply pass the cost onto the consumer. they say that the banks, if they have fewer trades, will let people go. there'll be unemployment on wall street. they say that the banks will flee, they'll go abroad, they'll go somewhere else with their business, as happened once when sweden had a financial transaction tax and lost a lot of trading activity. they say you're killing the goose that laid the golden egg. >> well, i'm waiting to see the golden egg. the truth of
we can fight for a financial transaction tax, this tax." >> we used to have a financial transaction tax in this country. from 1914 to 1966. then, in 1987, at the time of another wall street crash, the first president bush and senator bob dole, a republican, and several other republicans called for restoring it. didn't happen. >> no, and there's even a financial transaction tax in the s.e.c. right now -- a small one. there's one in new york city, as well. i mean, so financial...
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Mar 5, 2012
03/12
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and tax relief is now on the way. today is a great day for america. >> the bush tax cuts in a lot of ways were written like a subprime mortgage. you know, they were designed to make people see certain things, and not see a lot of the fine print. >> fully 30% to 40% of the benefits were going to the very top of the income distribution. the top 1%. and when you broke it down, it was really the top one-tenth of 1% that did so well because of the estate tax changes, and because of the changes in the top tax rates, the changes in the capital gains taxes. and if you go to 2003, changes in the dividend tax. i mean, these were all tax breaks that were worth a vast amount to the richest of americans and worth very little to middle-class americans. >> within a few weeks after the legislation was passed, we all get a letter that says congress and the president have given you this tax cut. and then that's pretty much it for the middle class. but for higher income groups, the further forward you go in time, the bigger and bigger t
and tax relief is now on the way. today is a great day for america. >> the bush tax cuts in a lot of ways were written like a subprime mortgage. you know, they were designed to make people see certain things, and not see a lot of the fine print. >> fully 30% to 40% of the benefits were going to the very top of the income distribution. the top 1%. and when you broke it down, it was really the top one-tenth of 1% that did so well because of the estate tax changes, and because of the...
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Feb 2, 2012
02/12
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>> deliver descends are taxed at 15%. capital gains are taxed and carry interest. wages and salaries go up to 35%. it's understandable -- one reason something, you put your money in -- stock, and you leave it there 30 or 40 years, and the -- it may not grow and -- it grows in inflation, that's why they don't tax it -- >> exception and they get no tax -- tax at all are the munis, municipal bonds as many that true? is that the only thing -- [everyone talking at once] >> that's the only one i know of. >> capital gains has not always been at 15%. when reagan came to town, the rates were high and he got money as movie actor so he wanted to bring those down, which he did. when the bushes came into office, they wanted to reduce capital gains because a lot of their main came from investment income. the 15% we arrived at when w bush was in office and it has not always been that well, and i'd like to know why mitt romney has so many bank accounts in so many places around the world. he -- [everyone talking at once] >> what is the meaning of that? >> the meaning of that is --
>> deliver descends are taxed at 15%. capital gains are taxed and carry interest. wages and salaries go up to 35%. it's understandable -- one reason something, you put your money in -- stock, and you leave it there 30 or 40 years, and the -- it may not grow and -- it grows in inflation, that's why they don't tax it -- >> exception and they get no tax -- tax at all are the munis, municipal bonds as many that true? is that the only thing -- [everyone talking at once] >> that's...
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Sep 3, 2017
09/17
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taxes would not be good. but as things are, you cannot really blame the bar owner. >> we need more checks so business owners understand they have to give people receipts and pay taxes. reporter: next day, it is time to pay a visit to an antiques dealer in central athens. greek tv crews are already waiting here. a new law allows the authorities to close down businesses of re-offenders and expose them to the media -- all part of the war on the current ten billion euros or more in undeclared income every year. now, antiques dealer irina safela has been found guilty of several hundred euros undeclared income. irina: life for small business owners here in greece is sheer hell. some days we sell nothing at all. we don't earn a single euro. but we pay high taxes, and then there are all the fines. it is a huge problem. reporter: her premises are sealed. now her customers know she has dodged paying taxes. tina: this is the best thing that we can do pursue them to be correct and don't violate the law. it's something th
taxes would not be good. but as things are, you cannot really blame the bar owner. >> we need more checks so business owners understand they have to give people receipts and pay taxes. reporter: next day, it is time to pay a visit to an antiques dealer in central athens. greek tv crews are already waiting here. a new law allows the authorities to close down businesses of re-offenders and expose them to the media -- all part of the war on the current ten billion euros or more in undeclared...
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Dec 20, 2014
12/14
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. >> that's our tax base. if we can find a bunch of billionaires around the world to move here, that would be a godsend because that's where the revenue comes to take care of everybody else. >> but the mayor left something out. the super rich who buy those opulent apartments and live in new york city less than half the year will pay no city income tax at all. >> and while those people still contribute in other ways to the city's economy, i'm sure they go out to expensive restaurants and buy theatre tickets and shop in fancy stores and do all those things, you only pay income tax if you're a resident. and they're not. >> which means the fabulously rich, high above the city, will be contributing no income taxes to support the public servants who make it work far below, transit workers and teachers or the firemen and police who rushed to one57 when hurricane sandy tipped its construction crane and set it dangling dangerously over midtown, shutting down one of the busiest streets in the city for a week. the owners
. >> that's our tax base. if we can find a bunch of billionaires around the world to move here, that would be a godsend because that's where the revenue comes to take care of everybody else. >> but the mayor left something out. the super rich who buy those opulent apartments and live in new york city less than half the year will pay no city income tax at all. >> and while those people still contribute in other ways to the city's economy, i'm sure they go out to expensive...
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Mar 25, 2016
03/16
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in new hampshire, - correct, other states. - no tax pledge, no new taxes, no sales tax, no income tax. - let me transition from this conversation to the one that i've been walking up to the edge of and that is the current political situation. what in hell is going on with your party right now? - well, i don't know what's going on with the country, forget my party, it's the whole country. - well, but your party is looking at a series of candidates, 50 percent plus are people who've never served in office before. it's essentially the middle finger vote to the establishment. - and the other side's looking at a geriatric socialist, you know. (laughs) - well, but i think the reality is, i'll bet you 50 cents that trump is more likely to be your party's nominee than bernie sanders is to be the other party's nominee. - i'll put the half-buck on the table now. (laughs) - you will, okay, good. - let me tell you what, i don't know the answer and what i mean is, i used to understand, i think, the electorate. - but you were one of the people who understood this first and most, i think. - yeah. -
in new hampshire, - correct, other states. - no tax pledge, no new taxes, no sales tax, no income tax. - let me transition from this conversation to the one that i've been walking up to the edge of and that is the current political situation. what in hell is going on with your party right now? - well, i don't know what's going on with the country, forget my party, it's the whole country. - well, but your party is looking at a series of candidates, 50 percent plus are people who've never served...
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Jun 14, 2017
06/17
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he adjusted his tax rate three years ago, but they want more. he is the highest-paid sportsperson in the world. last year he is reported to have made over 80 million euros in salary, bonus and sponsorships. brent: amazing. the tax authority is saying this looks like it was intentional and not an accident. he is not the first player who has been called into court for unpaid taxes in spain. however the other cases played out? max: the last high-profile one was in july of last year. they were sentenced to 21 months in prison for tax fraud and -- similar to this case, a little more money in this case. then it was 4 million euros. because the sentence was less than two years and they had no, no record, they escaped jail sentence. his club was also blamed for tax fraud. it is a common trend. brent: max, thank you for much. after a short break i will be back to take you through the day. stick around for that. we we back in about two minutes. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and
he adjusted his tax rate three years ago, but they want more. he is the highest-paid sportsperson in the world. last year he is reported to have made over 80 million euros in salary, bonus and sponsorships. brent: amazing. the tax authority is saying this looks like it was intentional and not an accident. he is not the first player who has been called into court for unpaid taxes in spain. however the other cases played out? max: the last high-profile one was in july of last year. they were...
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Oct 4, 2011
10/11
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at the tax office here, the phones are ringing off the hook. worried residents want to know what new levies they now have to pay. veteran tax official here it is kellen tries to keep calm, but she has never seen anything like this in all our 35 years of service. everyone has to work overtime. the pressure from above to enforce tax collection has become enormous. >> the government wants more money in the coffers. the finance minister would prefer to have us work day and night, and yet we are getting one-third less pay. there is no hope of additional manpower. on the contrary, i have to fight for my best staff so they do not fall victim to the austerity measures. >> but helen actually has reason to be proud. in the last few months, her office has posted the greatest rise in collected taxes in all of greater athens. conditions here are tough. everywhere, files are stacked high on mt desk. there is no more room for documents like last year's sales tax returns. they wind up in garbage bags. >> we need the programs that help us, but we do not have th
at the tax office here, the phones are ringing off the hook. worried residents want to know what new levies they now have to pay. veteran tax official here it is kellen tries to keep calm, but she has never seen anything like this in all our 35 years of service. everyone has to work overtime. the pressure from above to enforce tax collection has become enormous. >> the government wants more money in the coffers. the finance minister would prefer to have us work day and night, and yet we...
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Oct 4, 2016
10/16
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trump's tax returns. when i pointed that out to the accountant, he kind of smiled and chuckled most of he said, oh, yes, i remember. the tax software program i was using at that time had difficulty actually printing out a number that large. he would only print out seven digits. so i had to then run the thing through my ibm typewriter and i typed in the first two digits. and i think that was the moment presently felt like, ok, these are real. understoode said he that trump was living a life of unimaginable luxury? >> he was. he is complicated feelings about donald trump. first of all, he clearly is someone who had real admiration for fred trump, donald trump's father. he described him as a man who littlemind getting a met on issues, a man who paid attention to detail, a man who was on top of his is this. the way he described donald trump was sort of undisciplined, showboating kind of brash guy, the guy we have all come to know over this campaign. he mentioned, in fact, that every year when donald and ivana
trump's tax returns. when i pointed that out to the accountant, he kind of smiled and chuckled most of he said, oh, yes, i remember. the tax software program i was using at that time had difficulty actually printing out a number that large. he would only print out seven digits. so i had to then run the thing through my ibm typewriter and i typed in the first two digits. and i think that was the moment presently felt like, ok, these are real. understoode said he that trump was living a life of...
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Oct 1, 2013
10/13
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getting this kind of tax. >> for now, still no real estate tax. on twitter, we have reaction. "let berlusconi and not the fresh election he called for." what is your reaction? >> italy has major problems. it's real problem is lack of growth. this is similar to france. which also has problems of lack of growth, not as severe as italy. how italy will rearrange its public finances by where italy will get grow from. both italy and france belonged to a monetary system that is quite clearly dysfunctional. the lack of growth and the stagnation asked do with the eu, which does not work. it works in the interest of a few countries in europe. >> we are back to the eurozone crisis. we are going to pick up on that point. we have to take a quick break, unfortunately. stay with us. much more to come. >> before we resume the debate, a sample of the stories that we will be following at the top of the hour right here. the un's general assembly, in a speech, the syrian foreign minister compares the rebel offensive to the september 11 attacks on the united states. i
getting this kind of tax. >> for now, still no real estate tax. on twitter, we have reaction. "let berlusconi and not the fresh election he called for." what is your reaction? >> italy has major problems. it's real problem is lack of growth. this is similar to france. which also has problems of lack of growth, not as severe as italy. how italy will rearrange its public finances by where italy will get grow from. both italy and france belonged to a monetary system that is...
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Jan 2, 2013
01/13
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they will have to swallow a new alcohol tax. russians are trying to laugh it off. >> i used to get to know a man and he would buy me a fine bottle of bubbly, now it barely buys a cheap sparkling wine. it is a real shame. >> the kremlin wants russians to drink less. alcohol ads banned since last summer and the new tax hike is an attempt to quench the country's thirst for hard liquor. many believe it is not dangerous if they only drink a little. but it is. you don't have to be an alcoholic to die from drinking too much. many do not take that seriously. >> in big cities like moscow temp rance is the latest buzz word among the rising middle class. but for many russians the love affair with vodka dies hard. >> a "new york times" correspondent has become the latest foreign journalist forced out of china. they have left beijing after authorities denied the reporter a new visa. >> after the "new york times" published critical articles about the chinese premiere. one report about the hidien wealth of his family prompted china to block th
they will have to swallow a new alcohol tax. russians are trying to laugh it off. >> i used to get to know a man and he would buy me a fine bottle of bubbly, now it barely buys a cheap sparkling wine. it is a real shame. >> the kremlin wants russians to drink less. alcohol ads banned since last summer and the new tax hike is an attempt to quench the country's thirst for hard liquor. many believe it is not dangerous if they only drink a little. but it is. you don't have to be an...
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Mar 14, 2012
03/12
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tax would be difficult to accept. i would increase a household's lending costs and increase increase the cost of oil per gallon. >> it would need the approval of all member states. >> on to the markets now. investors concentrated on the positive tuesday, sending blue- chip days as above psychologically important levels for the first time in several months in reaction to stronger than expected rises in german analyst and investor sentiment. the dax index rocketed higher tuesday, briefly climbed over the 7000-point level for the first time since august of last year. but it is with healthy gains, by nearly 1.4%, and finished just try of the 7000-point level. euro stocks 50 also doing well, finishing at 2556. the dow currently trading about 13,000 points, by nearly 1.2%, and you're giving up a bit of ground trading at a dollar -- a value of $1.3078. the europe and arab league envoy to syria, kofi annan is in turkey for talks with the syrian national council, an umbrella group representing serious opposition. the syrian pr
tax would be difficult to accept. i would increase a household's lending costs and increase increase the cost of oil per gallon. >> it would need the approval of all member states. >> on to the markets now. investors concentrated on the positive tuesday, sending blue- chip days as above psychologically important levels for the first time in several months in reaction to stronger than expected rises in german analyst and investor sentiment. the dax index rocketed higher tuesday,...
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Jul 8, 2015
07/15
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taxes are boring?! meet african trainees who want to change their country though -- through better administration. education is key -- how an indonesian social entrepreneur is giving young people hope and opportunity. and habitat alarm -- how mayan villagers in mexico are trying to save what's left of their forest. until a few years ago, the textile industry in africa was pretty stable. or at least until the liberalization of the market opened the door for cheaper competition from asia. hundreds of thousands of jobs were lost, mostly in south africa, nigeria, kenya -- and in ghana. there, nine out of 10 textile workers lost their jobs, leaving only 3,000 today. product piracy is adding to the woes of ghana's fabric producers. they are proud of their unique designs and traditional techniques. but just as for the big fashion brands like adidas or chanel, while consumers like their style, they increasingly shy away from the cost. reporter: makola market in the ghanaian capital accra is a paradise if you lo
taxes are boring?! meet african trainees who want to change their country though -- through better administration. education is key -- how an indonesian social entrepreneur is giving young people hope and opportunity. and habitat alarm -- how mayan villagers in mexico are trying to save what's left of their forest. until a few years ago, the textile industry in africa was pretty stable. or at least until the liberalization of the market opened the door for cheaper competition from asia....
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Apr 27, 2017
04/17
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a massive tax massivebusinesses and tax reform and simplification. as the president said during the campaign, we will lower the business rate to 15%. we will make it a territorial system. we will have a one time tax on overseas profits, which will bring back trillions of dollars that are offshore to be invested here in the united states to purchase capital and to create jobs. the president is determined to unleash economic growth for businesses. this is not just about large corporations. small and medium-size businesses will be eligible for the business rate as well. amy: to talk more about trump's tax plan, we are joined by the economist james henry of the tax justice network. let's start off, james, if you could just lay out your reaction to the tax plan as it has been unveiled. >> this is nothing less than the largest wealth transfer that has passedcurred, if it were -- i doubt it will pass. it is amounts to a tax heist by the ruling class, by trump, and the richest administration we have had. it would not only effectively gut the progressive corp
a massive tax massivebusinesses and tax reform and simplification. as the president said during the campaign, we will lower the business rate to 15%. we will make it a territorial system. we will have a one time tax on overseas profits, which will bring back trillions of dollars that are offshore to be invested here in the united states to purchase capital and to create jobs. the president is determined to unleash economic growth for businesses. this is not just about large corporations. small...
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Apr 27, 2017
04/17
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presidents takes -- president takes his axe to taxes, a new program for businesses and individuals, but the president still have to get the plan through congress. ♪ brent: i am brent goff. it is good to have you with us. china has reacted angrily to the u.s. installing a controversy oh antimissile defense system in south korea. the u.s. and a south korea insist the system is necessary to counter the threat from a nuclear armed north korea, but china says the system undermines its own security. the chinese foreign minister has urged all sides to ease the tensions. while in washington, the senate is being briefed on the options of that the white house has. correspondent: not many south koreans are happy about the missile defense system being built, it will be operational within days and washington says it is a necessary step to counter the threat from north korea. >> with every test, kim jong-un moves closer to his goal and are given -- and the capabilities against new coat -- against american cities. defending our homeland is my top priority, so i must assume the nuclear plans are too
presidents takes -- president takes his axe to taxes, a new program for businesses and individuals, but the president still have to get the plan through congress. ♪ brent: i am brent goff. it is good to have you with us. china has reacted angrily to the u.s. installing a controversy oh antimissile defense system in south korea. the u.s. and a south korea insist the system is necessary to counter the threat from a nuclear armed north korea, but china says the system undermines its own...
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Jan 30, 2012
01/12
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, and a tax return issue hurt him there. and south carolina is a different playing field, unlike iowa, new hampshire, and florida. >> and he would not have one in south carolina without that money -- >> you don't need $1 million. you need is a cab ride. >> the $5 million woulmade a difference. the one guy who has some interest here can have that much influence. >> peter hart in the latest "wall street journal" poll says that the republican party seems to be hurting the republicans. >> no kidding. [laughter] these guys are calling each other child rapists and you think it is not going to hurt them? [laughter] >> the president lays down the markers for his reelection campaign, called the state of the union address. >> a shrinking number of people do really well while a growing number of americans barely get by. we can restore an economy where everyone gets a fair shot. >> i think it was a great campaign speech, obviously stoking the class warfare issue. this may be a little different take than what you are getting from others,
, and a tax return issue hurt him there. and south carolina is a different playing field, unlike iowa, new hampshire, and florida. >> and he would not have one in south carolina without that money -- >> you don't need $1 million. you need is a cab ride. >> the $5 million woulmade a difference. the one guy who has some interest here can have that much influence. >> peter hart in the latest "wall street journal" poll says that the republican party seems to be...
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Oct 15, 2013
10/13
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cannot afford to pay taxes. you are not trying to say that half of the people are on welfare. >> one final point before we wrap up. we mentioned at the outset that there are divisions on the republican side. conservative commentator charle krauthammer has deemed the 80 republicans the suicide caucus. most of their districts are in the south of the united states, and we can show you a map where a lot of the dogs there are below -- a lot of the dots are in the south of the united states. are we in a situation right now where there is this sort of -- i guess you could say this new ire , akin to what existed in the 19th century? some people are comparing it to the civil war. >> there was an unprecedented level of decisiveness in the u.s. we clearly sought in the last elections, and you clearly see it in the house and senate. you see this partisanship and division at new levels. as the rest of the people on the panel have been pointing out, they are just not talking to each other like they were able to in the past. i
cannot afford to pay taxes. you are not trying to say that half of the people are on welfare. >> one final point before we wrap up. we mentioned at the outset that there are divisions on the republican side. conservative commentator charle krauthammer has deemed the 80 republicans the suicide caucus. most of their districts are in the south of the united states, and we can show you a map where a lot of the dogs there are below -- a lot of the dots are in the south of the united states....
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Dec 20, 2017
12/17
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house of representatives passed donald trump tax reform bill. the first rewrite of tax law in three decades is now set for a senate showdown. and yemen to do rebels are apolitical rocket at saudi arabia. saudi forces say they intercepted it that is this a sign that the carnage in yemen is spreading? we will ask an expert for his analysis. >> i'm brent goff, it is good to have you with us. here in the german capital, people have been remembering the lives lost in a night of terror. one year ago, a rejected assignment drove a truck into a berlin christmas market, killing 12 people. tonight, the country and the world cast their eyes on the scene of that attack. the bell tolls 12 times for the 12 victims of the terror attack one year ago. the names of the victims marketplace where and islamist attacker rammed a truck into a christmas market in the heart of bolan. -- berlin. many people gathered to mark the anniversary and people are injured in the attack and first responders are all still feeling the shock of what happened here a year ago. >> the at
house of representatives passed donald trump tax reform bill. the first rewrite of tax law in three decades is now set for a senate showdown. and yemen to do rebels are apolitical rocket at saudi arabia. saudi forces say they intercepted it that is this a sign that the carnage in yemen is spreading? we will ask an expert for his analysis. >> i'm brent goff, it is good to have you with us. here in the german capital, people have been remembering the lives lost in a night of terror. one...
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Jul 4, 2011
07/11
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in this country -- in income tax in this country. they pay such as a great and benefits put -- pay social security and medicare benefits. that is indefensible. >> you may not have done this, but in the republican plan, you have means testing for medicare. precisely as you suggested. democrats have refused. democrats refused also on raising the age. >> ok, let's talk about means testing. how does that work? you get social security, but if you make it so much money -- >> you get less. if you are poor, you get more. it is actually in the ryan plan. you guys act as if pox on all houses. the republicans step forward on medicare, and you don't have an answer. means testing. >> i haven't answered for paul ryan and -- i have an answer for paul ryan and -- vouchers. that's what seniors what to do, spent time negotiating with insurance companies. he is absolutely convinced that markets worse. if it is so brilliant, as dr. krauthammer insists it is, why is ever republican in full flight from it right now and why is john boehner ruing the day th
in this country -- in income tax in this country. they pay such as a great and benefits put -- pay social security and medicare benefits. that is indefensible. >> you may not have done this, but in the republican plan, you have means testing for medicare. precisely as you suggested. democrats have refused. democrats refused also on raising the age. >> ok, let's talk about means testing. how does that work? you get social security, but if you make it so much money -- >> you get...
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Jun 24, 2017
06/17
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it's gonna have a age tax if you're 50 to 64 pay an age tax, a millennial tax if your young. it's bad all around. but remember this, there are little more than 20 million people who have health insurance now who didn't have it before the affordable care act. (crowd applauds) they're gonna put forth a bill that takes 24 million people off, so we're going backwards. - we'll get a cbo score of this new bill, but you're expecting it's not gonna be materially different than their old bill. - no, they're just, what they did was their bill was so unpopular and they couldn't pass it so they went rogue, they went worse. and they said, their bill was 56% of the american people were against it, 17% of the american people were for it. so they couldn't pass it. so then, they went worse and said that they would take the essential benefits and not make them be required, it's the same thing. - let me move to tax reform. the president has come back and forth after the healthcare bill was pulled to say, "well, we're not gonna do healthcare reform "next we're gonna do tax reform next." and then
it's gonna have a age tax if you're 50 to 64 pay an age tax, a millennial tax if your young. it's bad all around. but remember this, there are little more than 20 million people who have health insurance now who didn't have it before the affordable care act. (crowd applauds) they're gonna put forth a bill that takes 24 million people off, so we're going backwards. - we'll get a cbo score of this new bill, but you're expecting it's not gonna be materially different than their old bill. - no,...
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Aug 8, 2011
08/11
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tax reform is doable. evan is right. you can slash rates and increase productivity, and it is a blow for fairness. >> look, i think because the money makes it extremely hard, really hard, they are boxing themselves in. they have no place if you are going to get to these numbers and get some revenue, the only way to do it is through tax reform. >> charles, president grover norquist has said that nobody can be on the joint super committee of caped men deciding on this that approves of any revenue increase -- >> then how is it that the speaker of the house publicly offered to raise revenues by $800 billion if norquist is president? >> because i am, he dropped it. >> is that a rhetorical question or real question? john boehner -- the public is now acknowledge, and you will finally -- republicans acknowledge any will finally concede, the concessions on medicare spending and john boehner agreed on the revenue. margaret is right. the condition of the super committee is that you have to oppose any tax increase/revenue increase,
tax reform is doable. evan is right. you can slash rates and increase productivity, and it is a blow for fairness. >> look, i think because the money makes it extremely hard, really hard, they are boxing themselves in. they have no place if you are going to get to these numbers and get some revenue, the only way to do it is through tax reform. >> charles, president grover norquist has said that nobody can be on the joint super committee of caped men deciding on this that approves of...